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Cannes Witnesses Debut Of Largest Superyacht

United Arab Emirates shipyard Gulf Craft’s flagship superyacht the Majesty 155 was on display at the Cannes Yachting Festival, captivating visitors with its grand presence along the shores of France.

(Photos: Gulf Craft - Majesty 155)

Set against the stunning backdrop of the French Riviera, Gulf Craft’s exceptional showcase marks its European debut of the Majesty 155, which is not only the shipyard’s largest superyacht to date, but also the largest on display at the Cannes event.

The Cannes Yachting Festival welcomes approximately 50,000 visitors every year and is considered Europe’s premier in-water boating event, with nearly 600 boats on display in their native setting. According to the latest Wealth Report by Knight Frank, Europe is home to the second largest population of ultra high net worth individuals, with a collective wealth of approximately USD $4.6 trillion. As the world rebounds from economic hardship, smart buyers are recognising that now is the time to invest.

(Majesty 110)

“Europeans have always been intrigued by the idea of venturing out to the sea. However, ‘value’ has become the mantra of the market nowadays – customers want to know if you can give them more for their investment,” says Gulf Craft CEO Erwin Bamps. “A shipyard’s credibility in the eyes of a prospective Owner no longer relies solely on the builder’s positive track record, but also on its ability to deliver value for money. I believe our commitment to do this without compromising on quality, and while simultaneously creating bespoke experiences for our customers, is what drives our business to succeed in the most difficult times. It is also what propels our achievements during economic prosperity.”

Earlier this year, the Majesty 155 won the coveted Cedia Award for ‘Best Yacht Installation’, signifying Gulf Craft’s capacity to deploy the best that entertainment technology has to offer across the largest of its craft. The shipyard also received a second order of the Majesty 155, which it is aiming to deliver by next year.